Webster Bank N. A. lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,324 shares of the company’s stock after selling 1,525 shares during the period. Procter & Gamble Company (The) comprises about 1.2% of Webster Bank N. A.’s investment portfolio, making the stock its 13th biggest holding. Webster Bank N. A.’s holdings in Procter & Gamble Company (The) were worth $8,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PG. Union Bankshares Corp raised its position in Procter & Gamble Company (The) by 0.7% during the 2nd quarter. Union Bankshares Corp now owns 65,781 shares of the company’s stock valued at $5,733,000 after purchasing an additional 425 shares during the last quarter. Arvest Bank Trust Division lifted its holdings in Procter & Gamble Company (The) by 0.9% in the 2nd quarter. Arvest Bank Trust Division now owns 165,809 shares of the company’s stock worth $14,450,000 after buying an additional 1,509 shares during the period. Bank of The West lifted its holdings in Procter & Gamble Company (The) by 1.5% in the 2nd quarter. Bank of The West now owns 55,674 shares of the company’s stock worth $4,852,000 after buying an additional 849 shares during the period. Burke & Herbert Bank & Trust Co. lifted its holdings in Procter & Gamble Company (The) by 32.2% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 23,101 shares of the company’s stock worth $2,013,000 after buying an additional 5,632 shares during the period. Finally, NN Investment Partners Holdings N.V. lifted its holdings in Procter & Gamble Company (The) by 3.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,156,342 shares of the company’s stock worth $100,776,000 after buying an additional 41,751 shares during the period. 59.30% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on PG shares. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, August 1st. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target on the stock. in a report on Monday, July 3rd. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. BidaskClub downgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $98.00 price objective on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and a consensus target price of $90.00.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/webster-bank-n-a-has-8-31-million-holdings-in-procter-gamble-company-the-pg/1603573.html.

In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock worth $4,216,070 over the last quarter. Company insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded up 1.2715% during mid-day trading on Monday, reaching $92.1368. 2,958,048 shares of the company traded hands. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. The firm has a 50 day moving average of $92.38 and a 200-day moving average of $89.61. The stock has a market capitalization of $234.95 billion, a PE ratio of 16.4736 and a beta of 0.67.

Procter & Gamble Company (The) (NYSE:PG) last posted its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, equities research analysts expect that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

Procter & Gamble Company (The) Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.